Buzzfeed is a fluff piece of trash entertainment and topics stolen off Reddit. 

You need a budget to ensure that you are not spending money in the wrong place. 4.

Looks great and on a budget, too.

We accepted because they wanted to move in right away and now we will essentially have no vacancy cost, which we budgeted $1800 ($150 per month) for, so we will still be on track for our cash flow goals.

My capex budget includes roofs 25 year life span, floors 10 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span, etc.

Being new I have to go through challenges along the way I look forward to going through them so I can pass down that knowledge to someone else Just a year ago today i was 25,000 in consumer debt and I became disciplined in spending and budgeting and payed it down in 6 months.

You will need a budget closer to $600k and for FHA your cash flow (using conservative estimates) would be $50 per door not living there, you won't be walking distance from the el either. 

You can probably do 10%.You should also include a budget for initial repairs.

Or you could just leave it there, go military on that debt over the next few months, cut your lifestyle in half, no spending, no entertainment, no luxuries, just paying down debt and eating peanut butter and jelly sandwiches, and improve your position that way. (99% of people won't do this, and I can't blame them)I currently moved funds from a Rollover IRA into a much more liquid position, for any opportunities in the near future.

Oh no matter how in debt you are if your heart is in Kansas budget a visit in while you are getting your NJ life cleared up.